There are four primary asset classes that most individuals can invest their money in: 1. Equity - This also refers to stocks traded in the stock market. 2. Debt refers to products like Fixed Deposits, Government bonds, the Public Provident Fund (PPF), and National Savings Certificates (NSCs). 3. Real Estate - Residential and commercial property or land. 4. Commodities - Stuff like Gold, Silver, etc.

One of the most critical steps in the financial planning process is to know your money, that is, your financial position, well, and then be able to manage it wisely.